PROSHARES ULTRA ETHER ETF (ETHT) Stock Technical Analysis
USA - NYSEARCA:ETHT - US74349Y5713 - ETF
116.19 USD
+11.56 (+11.05%)
118.2 USD
+2.01 (+1.73%)
Overall ETHT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ETHT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ETHT did better than 97% of all other stocks. We also observe that the gains produced by ETHT over the past year are nicely spread over this period.
ETHT has an average volume of 1080520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ETHT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ETHT is lagging the market.
In the last month ETHT has a been trading in the 95.73 - 131.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ETHT has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
96.15
132.92
When analyzing the support we notice one important area.
- Support @97.12 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 127.42 to 127.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 130.62 to 131.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ETHT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETHT is up. |
| ChartMill Relative Strength | 97.36 | POSITIVE | ETHT has a high relative strength, it outperformed 97.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ETHT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETHT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ETHT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.65 | NEUTRAL | The RSI value for ETHT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.26 | NEGATIVE | The MACD value suggests ETHT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.1 | NEUTRAL | The Stochastics value for ETHT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.96 | HIGH VOLATILITY | The high ATR as a percentage value for ETHT suggests high volalility. |
| Average Directional Index/ADX (14) | 26.65 | POSITIVE | The high ADX value value for ETHT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
116.19
+11.56 (+11.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg11.05%
1 Week15.7%
2 Weeks7.3%
1 Month-1.83%
3 Month185.83%
6 Month297.91%
12 Month74.59%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)9.03
ATR(20)%8.96%
ATR Inc-16.65%
Range Today7.98
ADR(20)8.92
ADR(20)%7.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.36
Mansfield4.58
10 Day High116.3
10 Day Low96.54
20 Day High131.74
20 Day Low95.73
52 Week High173.2
52 Week Low15.4
CS1 End97.12
CR1 Start127.42
Volume & EV
DER(3)1.31%
DER(5)-0.07%
Volume1.33M
Volume Incr-16.82%
Vol(5)1.09M
Vol(50)1.08M